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20120925
20121003
Search Results 0 to 8 of about 9 (some duplicates have been removed)
energy companies to seek a low-cost solution for storing nuclear waste, ignoring other options that might have been more effective. the chancellor denies these allegations that go all the way back to the 1990's when she was serving as environment minister, but the allegations are quite serious. if they were to be proven, it would have big political implications for the chancellor. the chancellor, however, is taking this in a pretty relaxed mood. both she and her aides are looking very confident in this, and analysts think that she will come out unscathed. >> she does look pretty confident, but how does nuclear storage fit in with germany's new energy strategy? >> the fact is germany does not have a permanent waste disposal site for its nuclear waste, so the waste just keeps piling up. the country is exploring different possibilities, but they do not have one yet. every time another nuclear waste transport rolls into the temporary facility, there are massive protests. until a permanent site is found and that search goes on, the controversy will continue. >> thank you very much for that. >>
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in energy, food. >> absolutely right. and what's critical is that everybody now believes there will be some extra inflationary pressure in the system and that's extremely good news. luckily i think the risks are off the table and one can be supportive of equities in terms of higher valuations until inflation gets in excess of 4 percentage points, at which point people begin to worry about what will happen to the quality of earnings. >> the key thing here is the corporate take of gdp has never been at such a high level versus -- and wage earners take gdp as a pretty low level on a historical basis. i suppose the question is that going to remain or is there anything that will tip the employee share back? at which point things will change. >> you're right, it's pivotal to the levels and whether they can be maintained. there are two factors that allow me to feel more confident. first is the government policies are pro recovery coming from corporate as opposed to try and get workers to have higher incomes workers themselves don't have price impact power in the marketplace. global trend is still
in a little bit. >>> the latest moves out of energy. what a day it was yesterday. sharon epperson is at the nymex for us. good morning. >> reporter: good morning, carl. looks like it's going to be another busy day in the commodities market. we have speculation we may see more stimulus out of china helping support many commodities. oil and gold higher. gold near that 1770 level. keep in mind, the south african mining issues that were plaguing the industry are also plaguing gold, that also helping support gold prices. in terms of the oil price, we're also watching what is happening here in new york with the u.n. with israeli prime minister speaking about iran, today set to really lay out whether or not there should be a firm deadline here in terms of iran's nuclear ambitions. and we're also watching, of course, what's happening technically, brent crude above the 200-day moving average earlier in the session and wti bouncing back after falling below $90 a barrel in previous session. but the standout commodity most certainly is gasoline. gasoline futures continue to soar again today.
picture is the department of energy. their inventory, if you look at at the tall stocks for the five-year seasonal average, is sitting right around 370 million barrels. that's their inventory. the five-year seasonal average is down about 325, so we're 10% over. remember last week we had a build of 8.5 million barrels. this week we're expecting a build of two million. if you see in about an hour when oil prices and the d.o.e. releases their stocks, you'll probably see oil take that next leg lower. >> let's switch gears and talk about gold as well as silver, for that matter. silver has been handily outpacing gold this year, so i'm wondering if traders are seeing the silver trade having more upside. granted, it's a less liquid market. but maybe going into the final quarter of the year, that's the bet that's in place. >> the silver trade has rallied about 20% in the last two months. it is technically an industrial metal. it has gotten a boost because of the qe hype. traders are thinking that that's the cheap metal to get into, but with prices up at 33.5, i think that they're a little bit
well in the green with chinese energy majors and banks leading the gains. elsewhere the nikkei also finished higher helped by utilities and financials. but sharp shares slipped nearly 4% despite reports on a financial life line from its major lender. some units tanked following the parent company bankruptcy filing. bank and miners helped the australian markets end a three day losing streak closing higher by half a%. and the sensex trading along the flat line at the moment. back to you. >> thanks very much. pippa, it's almost a battle of markets this morning between spain and china, between kind of the macro europe uncertainties we were just talking about in the sense that policymakers whether do more. but there's the sense that it's just not enough. >> we are seeing in emerging markets, workers are saying i need to get paid a lot more. and if you don't pay me more, i'm going to protest one way or another. so foxconn had to basically shut down operations because they're all protesting, rioting. now, they're getting 25% wage hikes. but it's not enough given the pace at which food and
't exploited the full potential, we have alternative source of energy like solar energy or wind energy, we have agricultural output that we don't take advantage of, so there are ma so many resources and opportunities in greece, it's not a matter of the private sector doing poorly or a lack of resources, but it's rather how the state is operating, we have a big public sector as you know, we have tax evasion and we have no privatizations. if we change these things if we're not a state controlled economy but instead a private controlled economy we can see a different picture and to me by staying in the european union this is where we should concentrate. it's not how much you value the currency or you divide the labor cost but what kind of economy you are, where you wish to go. >> that's similar to the debate we seem to be having here in the united states. thanks so much for joining us this morning and congratulations on your deal and good luck with it. >> thank you very much. >> thanks for playing, sam. that was helpful. good to have you on the set. >> just look at that shot, crumbling infrastruct
before we get going on that. how much of an impediment as well is oil and energy prices going to be? it's still high bearing in mind the weakness of the global economy. >> it's a straggling problem with gasoline prices over here. two months in the average price of gasoline per gallon was what 2.44 and -- sorry, 3.44 now up to 3.84. and around the northeast here, we're paying well over $4 a gallon. so it is an impediment. it's only 11% of overall retail consumption. so i think we've largely gone over that sticker shock. we've become accustomed and i think consumers compensate for that in the wage packet. >> all right. andrew, stick around. more to come from you. we'll dig in to the housing market a little bit later. also still to come, we'll bring the latest on the education nation summit. >> and we'll preview president obama's speech at the u.n. general assembly. >>> welcome back. here are the headlines. caterpillar cuts it forecasts and merkel says sharing debt won't solve it crisis. draghi will be delivering the key note speech. >> and president obama set to address the u.n. general a
Search Results 0 to 8 of about 9 (some duplicates have been removed)